Wallbox (NYSE:WBX) Price Target Cut to $1.25 by Analysts at UBS Group

Wallbox (NYSE:WBX) had its price target cut by equities research analysts at UBS Group from $1.75 to $1.25 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 9.65% from the stock’s current price.

Other research analysts have also issued reports about the company. Canaccord Genuity Group lowered their price objective on Wallbox from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Stifel Nicolaus lowered their price target on Wallbox from $4.00 to $3.00 and set a “buy” rating for the company in a report on Monday, August 12th.

Wallbox Price Performance

NYSE:WBX traded down $0.03 on Tuesday, hitting $1.14. The stock had a trading volume of 16,692 shares, compared to its average volume of 384,823. The company has a fifty day moving average price of $1.29 and a two-hundred day moving average price of $1.39. Wallbox has a 1-year low of $1.03 and a 1-year high of $2.41. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 1.16.

Institutional Trading of Wallbox

An institutional investor recently bought a new position in Wallbox stock. J. Stern & Co. LLP acquired a new position in shares of Wallbox (NYSE:WBX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $66,000. Institutional investors and hedge funds own 36.94% of the company’s stock.

About Wallbox

Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.